For those investors looking for a place to hide in this hideous market, Jim Cramer recommended to look at Panera Bread. The company reported a fantastic quarter on Wednesday, thus removing earnings risk from the stock. Panera is a chain of more than 1,900 bakery cafes that serve health- and taste-conscious food. Cramer spoke with Panera CEO Ronald Shaich, who attributed the company’s success to its 2.0 model that was first unveiled in 2014. The revamp was aimed at enhancing guest experience at Panera through digital ordering, payment and operations. “Our view is essentially we are moving into an omni-channel…
Author: Deep
Given the stock market’s rocky start to the New Year, you would think that the phones at a big mutual fund company like Fidelity Investments would be ringing off the hook, but that assumption would be wrong. Instead of panicking about the sell-off, a lot of the Boston-based company’s clients are putting more money to work. “We have about 30 percent more buyers than sellers,” said John Sweeney, Fidelity’s executive vice president of retirement and investing strategies for personal and workplace investments. “People are taking advantage of some of the choppiness in the market.” Read MoreFor many these days, it’s…
Jim Cramer is not happy about the trajectory Janet Yellen has set for the U.S. In fact, it’s not that the Fed knows nothing — the Fed knows too much about the past and not enough about the future! Rather than embrace the notion that the U.S. is a growth engine that could pull the rest of the world out of a slump, it seemed to Cramer that Yellen believes that higher wages must mean inflation. He fears that she could put the global economy into a serious recession by raising rates just because the U.S. added more jobs than…
Low interest rates, then zero rates, then negative rates, seemed like such a good idea as a way for global economies to escape moribund growth. Until they didn’t. That point where financial engineering no longer could pave the way to recovery from the persistent drag of the Great Recession and the global crisis seems to have arrived. The plunge of interest rates not just to the floor but through it and the depths below is coinciding not with global gain but rather the greatest level of market turmoil since the financial crisis ostensibly ended. It’s led some market participants to…
Despite the seemingly never-ending saga of low oil, one trader placed a big bet this week that one area of the energy market could soon make a major comeback. Looking at the JPMorgan Alerian MLP ETN, the AMJ, that trader purchased 50,000 of the January 2017 30/40 call spreads for 80 cents each. Since each call option accounts for 100 shares, this is a $4 million bet that the AMJ will rise as high as $40 in less than 12 months. That’s a near 90 percent move from where the ETN was trading on Thursday, around $21. Shares of AMJ…
It’s fairly typical for companies to announce buyback programs this time of year. Often, existing buyback programs are ending, and the company will announce a new program. However, given the notable decline in stock prices, market watchers are paying particular attention to whether existing programs are being expanded, or those companies who have never had buybacks will implement them in order to take advantage of lower prices. While it’s early, there are several signs we are seeing somewhat more aggressive buyback announcements than usual: Cisco CEO: Executing well despite macroslowdown 1) According to Birinyi, through yesterday S&P 500 companies have…
Check out the companies making headlines after the bell Thursday: Shares of CBS were lower in extended trading on Thursday despite the media company reporting earnings in line with Wall Street estimates. CBS posted adjusted fourth-quarter earnings per share of 92 cents on $3.91 billion in revenue. Analysts had expected CBS to report earnings of about 92 cents a share on $3.80 billion in revenue, according to a consensus estimate from Thomson Reuters. Pandora posted weaker-than-expected earnings on Thursday, sending shares of the Internet radio service down more than 6 percent after the bell. Earlier in the day, shares of…
Samsung may be about to offer its own 360-degree camera, which could help bolster the content for its growing VR business. According to a report from SamMobile, the Gear 360 is a compact spherical camera that can capture 360-degree images through multiple pairs of fisheye lenses. It would then be able to stream these back to a connected phone, though it’s unclear if this will be tied specifically to the GS7 or will work with other Galaxy flagships. The new gear is said to have the usual settings you’d expect from an everyday camera, like HDR, white balance settings, exposure control,…
Amid the market turmoil, two traditionally safe S&P 500 sectors have survived the sharp sell-off this year — utilities and telecom. However, one fund manager says that investors who are betting on broad sectors to generate returns will be proved wrong within the year. Jack Rivkin, chief executive of fund manager Altegris, said investors are too focused on sector performance as a whole. As market growth slows, he argues that the best approach for investors is to find an active manager to pick individual stocks. “I think we’re moving into a very different environment than we’ve seen over the last…
This CO2 laser printer can cut and etch patterns into almost any type of material, from More CES 2016 CES 2016 Intel improves Compute Stick lineup with Core M chips (2:15) CES 2016 New app gives Zeiss’s VR One a drone’s eye view (2:20) CES 2016 Meet EVGA’s new full-tower gaming case (1:21) Now Playing CES 2016 Glowforge printer cuts and etches patterns into almost any surface(0:51) Hands on with the Galaxy TabPro S, Samsung’s Surface competitor Samsung is taking a stab at the Windows 10 2-in-1 market with a new tablet that can be unlocked with a Galaxy smartphone.…